Spanish
Signal.- South Korean shipping company Hanwha Ocean surged 8.48% on the Seoul Stock Exchange this Tuesday, after US President Donald Trump stated that the company will participate in the construction of new warships of a future class named in honor of the president.
After a slight dip at the opening, Hanwha Ocean shares surged strongly on Seoul's main stock index, the Kospi, and were trading at 118,800 won (about $79.52) compared to the 109,700 (about $73.93) they cost at the beginning of the session.
"A week ago, the Navy announced a new class of warships and they are going to work with the South Korean company Hanwha," Trump said at a press conference this Tuesday. You can also read: https://deultimominuto.net/internacionales/trump-anuncia-la-construccion/ The ships described by the official as "battleships" will be the first of the future "Trump class" and will begin to be built "immediately", according to the president, who indicated that it is expected that later up to 25 more can be assembled. The South Korean shipbuilder announced last August that an investment of $5 billion in the shipyard it acquired in 2024 in the US city of Philadelphia, to multiply by ten the production in the ship facilities, up to twenty annually. Hanwha Ocean's investment is part of the commitment made between Washington and Seoul in their trade negotiations for the Asian country to support the growth of US shipbuilding. You may be interested in: https://deultimominuto.net/internacionales/trump-a-maduro-si-dejara-el-poder/ Hanwha acquired the Philly shipyard last year for about $100 million, and intends to modernize the center by installing two dry docks and three additional docks and is also evaluating building a new block assembly plant.
